Trio Of State Housing Markets Prime For Investor Cash Out
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MIAMI (CBSMiami/AP) - Institutional investors in three Florida housing markets could be in for some major gains if they decide to cash out.
The report by the firm RealtyTrac says the Space Coast, Orlando and Jacksonville are among the top housing markets in the nation where institutional investors have the most motivation to cash out to realize good returns.
Other markets at the top of the list are Chicago, Columbus, Atlanta, Indianapolis and Charlotte.
Institutional investors are financial organizations that have pooled large sums of money in recent years to purchase large chunks of rental properties.
RealtryTrac says institutional investors have the best bet for realizing gains by cashing out for properties purchased in 2012. Those potential gains could be up to 43 percent, depending on the month of the purchase.
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